Bill Me Later: Another Option to Pay for Purchases?

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Celestine
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Bill Me Later: Another Option to Pay for Purchases?

Postby Celestine » Wed Mar 28, 2012 10:00 pm

I do have a Bill Me Later account from years ago. I have used the 12-months no payment zero interest before and the 6-months no payment zero interest. I only use BML when those two promotions are offered anyways.

[color="DarkRed"]BUT[/color] I do pay installment and make sure pay the full balance before the promotion period ends; it is same as cash.

I heard upon opening a BML account and first time using BML, they do a hard pull. But not sure if the succeeding transactions will be a soft pull or still a hard pull :ppp

I think this is good as long as you pay the balance in full before the end of the promotion period. Especially for those who does not want to pay upfront.

What does everyone think?
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FastSRT8
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Postby FastSRT8 » Thu Apr 26, 2012 12:18 am

It all depends on why you are doing it. IF you are doing it as a means to bridge your payment as your money is tied in to an investment about to mature (and you know you will make $$$ on it), then it's ok.

IF you are using it because you don't have the $$$ now and are buying time thru your current salary that is already tapped out then its not a good idea.

I think the biggest mistake people (and I have made too) make is they think they can pay it off with extra money they think they will make
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